Currently evaluating two offers. I come from a management accounting background at a Fortune 500 company. Currently evaluating two offers post MBA:
Firm 1: PE FoF (mid-market fund based in NY)
- Pros: Higher base and with carried interest.
- Cons: Poor skill set. Does secondaries and co-investments. Has a direct investment team but doubt can transfer over given that people in the team exclusively come from IB backgrounds. Also, I interned here so I know the work is incredibly boring and I would just be doing more of the same. On certain days, I actually go to the toilet and take a nap.
Firm 2: VC fund (small VC shop based in NY)
- Pros: More interesting work + build transferrable skillset.
- Cons: Lower pay and bonus. No carried interest. Doesn't seem to have much of a track record.
I like money but at the same time I want to be developing a transferable skillset so that I won't get pigeonholed in the future (which is what FoF is famous for according to this forum).
What would you do and why?